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The compromise bill would target the Iranian Revolutionary Guard Corps and anyone who assists the paramilitary group, including foreign government agencies. The bill also would deny visas and freeze assets on individuals and companies that supply Iran with technology that could be used against its citizens, such as tear gas, rubber bullets and surveillance equipment. The bill extends those sanctions on human rights violators to Syria, where President Bashar Assad's regime is accused of a bloody crackdown against protesters. The bill requires companies that trade on the U.S. stock exchange to disclose any Iran-related business to the Securities and Exchange Commission. Late last year, Congress overwhelmingly approved sanctions targeting foreign financial institutions that do business with Iran's central bank by barring them from opening or maintaining correspondent operations in the United States. Those sanctions applied to foreign central banks only for transactions that involve the sale or purchase of petroleum or petroleum products. The new bill expands on those penalties. "These provisions are very important, but the Iranians should not be fooled into thinking that this is the last word on sanctions. Far from it," said Rep. Howard Berman of California, the top Democrat on the Foreign Affairs Committee. A handful of lawmakers objected to the legislation, casting it as a step toward war. Rep. Ron Paul, R-Texas, said the legislation should be called the "Obsession With Iran Act" and warned against "beating the war drums once again." "We need to stop the wars. We don't have the money to fight these wars any longer," Paul said. Rep. Dennis Kucinich, D-Ohio, said the bill sets the stage for another conflict Berman dismissed that idea. "This is not the next step to war. This is the alternative to war," he said.
[Associated
Press;
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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